If the Government sells Air India and some hotels, it would enough money to build enough modern warehouses themselves. The problem with the author’s argument is that, she hasn’t taken into account the infinite social cost of corruption in India, which is is still high. Furthermore, dominating the market is an abstract term where the luxury of time to find out is there is case of all other products, except those which are needed everyday to survive – essential foods etc. Local businesses who own the silos etc can control the local supply and hence local prices. If Corruption is sorted, the Rupee will strengthen and farmer incomes will rise automatically. Need to understand more, if the ECA can be repealed or amended.
Farmers do not face a problem with non perishable like wheat and rice. Whether the ECA is present or not has no effect on the farmer for these and possibly other cereals – as long as the state procures. Since these are no perishables and there are no shortages – for these commodities the ECA is redundant. What is important for the farmer for these commodities is the MSP and Procurement.
For perishable commodities again the existence of the ECA will not affect the farmer. no matter how hard one tries the perishables cannot be stored for extended periods of time. Storage by traders will simply increase volatility of prices. In times of glut they will offload their stored produce vis a vis farmer. The farmer will take a beating. In times of shortage the farmer will get his price at the mandi. Again the key issue is how long can a perishable be stored. Now with produce mobility across the country and availability of produce at different time at different parts of the country – the ECA id redundant.
Of course in this great country – fish are stored post coating with formalin . If this is what the country wants – no laws can protect either the farmer or consumer.
One can kill all leftists in Bharat by just withdrawing essential commodities act without firing a bullet. Communist raja and brinda karrot will agree.
Great pity that laws controlling economic activity which were passed during WW II are still found necessary and in force. A similar legislation is the Rent Control Act, which has not only destroyed the market for rental housing – now reviving in recent years, since it does not apply to new housing stock – but has created distortions in real estate that have harmed the development of the Island City of Bombay. The column spells out the harm being caused – to both farmers and ultimately to urban consumers – by the ECA Act. Another related offender are the APMCs. Not much can be expected from Shri Radha Mohan Singh, but a Krishi Mantri of the calibre of Shri Sharad Pawar ought to have eased out these distortion’s from the system.
If the Government sells Air India and some hotels, it would enough money to build enough modern warehouses themselves. The problem with the author’s argument is that, she hasn’t taken into account the infinite social cost of corruption in India, which is is still high. Furthermore, dominating the market is an abstract term where the luxury of time to find out is there is case of all other products, except those which are needed everyday to survive – essential foods etc. Local businesses who own the silos etc can control the local supply and hence local prices. If Corruption is sorted, the Rupee will strengthen and farmer incomes will rise automatically. Need to understand more, if the ECA can be repealed or amended.
Farmers do not face a problem with non perishable like wheat and rice. Whether the ECA is present or not has no effect on the farmer for these and possibly other cereals – as long as the state procures. Since these are no perishables and there are no shortages – for these commodities the ECA is redundant. What is important for the farmer for these commodities is the MSP and Procurement.
For perishable commodities again the existence of the ECA will not affect the farmer. no matter how hard one tries the perishables cannot be stored for extended periods of time. Storage by traders will simply increase volatility of prices. In times of glut they will offload their stored produce vis a vis farmer. The farmer will take a beating. In times of shortage the farmer will get his price at the mandi. Again the key issue is how long can a perishable be stored. Now with produce mobility across the country and availability of produce at different time at different parts of the country – the ECA id redundant.
Of course in this great country – fish are stored post coating with formalin . If this is what the country wants – no laws can protect either the farmer or consumer.
One can kill all leftists in Bharat by just withdrawing essential commodities act without firing a bullet. Communist raja and brinda karrot will agree.
Great pity that laws controlling economic activity which were passed during WW II are still found necessary and in force. A similar legislation is the Rent Control Act, which has not only destroyed the market for rental housing – now reviving in recent years, since it does not apply to new housing stock – but has created distortions in real estate that have harmed the development of the Island City of Bombay. The column spells out the harm being caused – to both farmers and ultimately to urban consumers – by the ECA Act. Another related offender are the APMCs. Not much can be expected from Shri Radha Mohan Singh, but a Krishi Mantri of the calibre of Shri Sharad Pawar ought to have eased out these distortion’s from the system.